The acceleration principle relates investment to changes in: MCQ with Answer and Explanation

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The acceleration principle relates investment to changes in:

A. government expenditure

B. money supply

C. interest rates

D. consumption or output

Answer: Option D

Solution (By JKSSB Mock Tests)

The accelerator principle states that investment depends on changes in output or consumption.

This question belongs to: Economy GK Economy Set 1

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Question #1

TRIPS is an agreement of the WTO dealing with:

A. trade in services

B. intellectual property rights

C. anti-dumping measures

D. agricultural subsidies

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Correct Answer: Option B

Explanation:
TRIPS deals with Trade-Related Aspects of Intellectual Property Rights.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Constitution (101st Amendment) Act, 2016' inserted which article for GST?

A. Article 246A

B. Article 324

C. Article 356

D. Article 280

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Correct Answer: Option A

Explanation:
Article 246A was inserted by the 101st Amendment for GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Industrial Corridor Development Programme' aims to:

A. build residential colonies

B. develop industrial corridors and smart cities

C. promote agriculture

D. expand railway passenger services

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Correct Answer: Option B

Explanation:
National Industrial Corridor Development Programme develops industrial corridors and smart industrial cities.

This question belongs to: Economy GK Economy Set 1

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